3M (MMM) is considering selling assets from its safety and industrials unit as it seeks to separate low-growth businesses from its other divisions, Bloomberg reported Friday, citing people with knowledge of the matter.

3M is engaging with Goldman Sachs (GS) as it evaluates potential divestments within the unit, the sources told Bloomberg.

A final decision is yet to be made, and the company could opt to retain its current structure, the people told the media outlet.

3M did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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